By Evan Vitale
Good news is coming out of Washington, DC as venture capital deals have hit their highest point since 2001.
According to the Washington Post, a few large deals during the fourth quarter, helped 2015 become a big year for investors and startups. In all, 29 DC firms received over $550 million in venture capital last quarter, a 53% increase from 2014, according to a report released recently by Pricewaterhouse Coopers and the National Venture Capital Association.
During 2015, DC companies were able to secure 169 deals totaling $1.41 billion – up from 197 deals totaling $1.09 billion in 2014.
You can read the full Washington Post article here: bit.ly/1WqBC6B
* * *
Meanwhile, companies in Wisconsin raised $87.8 million of venture capital in 2015, according to a national report printed recently by the Milwaukee Wisconsin Journal Sentinel.
In all, 23 Wisconsin companies pulled in $87.8 million, which is only a fraction of the $58.8 billion in venture capital that went into high-potential companies across the United States.
While Wisconsin’s numbers were better last year than in 2014, the state’s share of the national venture capital continues to remain low.
Biotech and medical device companies raised a combine $56.8 million, or 64% of all the state’s venture funding in 2015.
You can read the story here: bit.ly/1ZJHo8V
* * *
According to The Seattle Times, the state of Washington – which generally ranks among the top five states in venture capital investments – dropped to No. 12 during the fourth quarter of 2015.
Startups in Washington raised $167.7 million with 25 deals during the quarter – a 57% drop from the same period a year ago, when $389.6 million was invested in 29 deals, according to the MoneyTree report released recently from PricewaterhouseCoopers and the National Venture Capital Association.
You can read the full article here: bit.ly/1U9csYQ
